The US dollar rose to a three-month high due to the Middle East conflict, increasing safe-haven demand.

According to Mars Finance, citing Jinshi, the US dollar rose to a three-and-a-half-month high against a basket of currencies as ongoing conflict in the Middle East prompted investors to seek safe havens and pushed up oil prices. Commerzbank analyst Volkmar Bauer stated in a report that although the Iranian conflict entered its second week, there were still no signs of a resolution. He pointed out that the dollar may strengthen in the short term due to stronger US economic growth and the Federal Reserve's potential postponement of expected interest rate cuts to address potential inflation.